Ewald Nowotny: The financial system of the future

Opening remarks by Prof Dr Ewald Nowotny, Governor of the Central Bank of the Republic of Austria (Oesterreichische Nationalbank/OeNB), at the44th Economics Conference of the OeNB, jointly organized with SUERF - The European Money and Finance Forum, Vienna, 29 May 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Ladies and gentlemen,

I am very pleased to welcome you to the 44th Economics Conference of the Oesterreichische Nationalbank here in Vienna.

Today, I want to invite you to take a break from our routine engagement in the daily workings of the financial system. Let us take a look at the future instead: what kind of institutions and markets will manage our financial wealth, our liabilities and our payments in 10 or 20 years?

To explore this issue, we have assembled a noteworthy list of distinguished speakers from different backgrounds in academia, policy making and the financial sector. I am sure they will provide us with intriguing food for thought during our two-day conference. I would like to thank all of them for coming to Vienna and for contributing to our endeavor. I would also like to take the opportunity to thank the staff members of the OeNB, and our friends at SUERF, for their effort in organizing this event.